Home · Business · Sep 18 archive
Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed
Confirmed
In Short: Bitcoin's price remains resilient above $78,000 despite the CLARITY Act's setback in the US Senate.
Bitcoin's price has remained resilient this week, trading above $78,000 as of Friday, despite the failure of the Digital Asset Market Clarity (CLARITY) Act in the US Senate.
The CLARITY Act, which aimed to provide regulatory clarity for digital assets, fell short of the 60 votes needed to advance, leaving its future uncertain.
The Relative Strength Index (RSI) on the weekly chart around 55 indicates mildly positive momentum without reaching overbought conditions, suggesting that Bitcoin's current price action is stable but not overly bullish.
Traders should remain cautious, as a hawkish Federal Reserve outlook could cap Bitcoin's upside potential. The Fed's stance continues to influence market sentiment and could impact the cryptocurrency's performance in the near term.
What's confirmed
- Bitcoin's price has remained resilient this week, trading above $78,000 as of Friday, despite the failure of the Digital Asset Market Clarity (CLARITY) Act in the US Senate.
- The CLARITY Act, which aimed to provide regulatory clarity for digital assets, fell short of the 60 votes needed to advance, leaving its future uncertain.
- The Relative Strength Index (RSI) on the weekly chart around 55 indicates mildly positive momentum without reaching overbought conditions, suggesting that Bitcoin's current price action is stable but not overly bullish.
- Traders should remain cautious, as a hawkish Federal Reserve outlook could cap Bitcoin's upside potential. The Fed's stance continues to influence market sentiment and could impact the cryptocurrency's performance in the near term.
What's still developing
- "The Clarity Act is therefore wounded, not necessarily dead. Senator Thom Tillis preserved the option of another vote, while Gillibrand and six other Democrats said Wednesday that they remain committed to passing market structure legislation. The problem is time. With the midterms approaching and the Senate calendar shrinking, the path to a deal this year is now extremely narrow," concluded the K33 Research analyst.
- This page works as a Bitcoin profit calculator for quick trade math with fees included.
- The result is not a forecast, but it is useful for setting targets, checking risk, and spotting fee drag.